Claim adjustment expense definition

Claim adjustment expense means expenses, other than claim payments, incurred in the course of investigating and settling claims.
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Claim adjustment expense means expenses, other than claim pay- ments, incurred in the course of investigating and settling claims.
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Claim adjustment expense means expenses, other
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Examples of Claim adjustment expense in a sentence

  • Claim adjustment expense reserves represent the estimated expenses that will be required to settle these claims.

  • Claim adjustment expense reserves represent the estimated expenses relating to settling of these claims.

  • Claim adjustment expense is commonly referred to as loss adjustment expense (LAE).

  • Case reserves include an estimate for each reported claim based on the undiscounted jury verdict value of said claim.(5) "Claim adjustment expense" means expenses, other than claim payments, incurred in the course of investigating and settling claims.

  • However, during this period the number of working age people is expected to decline steadily and of older people to increase.

  • Claim adjustment expense reserves represent the estimated expenses relating to the settlement of these claims.

Related to Claim adjustment expense

  • Allocated Loss Adjustment Expenses or “ALAE” means all court costs and court expenses; pre- and post-judgement interest; fees for service of process; attorneys’ fees; cost of undercover operative and detective services, costs of employing experts; costs for legal transcripts; costs for copies of any public records; costs of depositions and court-reported or recorded statements; costs and expenses of subrogation; and any similar fee, cost or expense reasonably chargeable to the investigation, negotiation, settlement or defense of a loss or a claim or suit against you, or to the protection and perfection of your or our subrogation rights.

  • Adjustment Escrow Amount means $2,000,000.

  • Final Adjustment has the meaning set forth in Section 10.3.B(2) hereof.

  • True-Up Adjustment means any Semi-Annual True-Up Adjustment or Interim True-Up Adjustment, as the case may be.

  • Claim Amount means the amount calculated in accordance with Section 6.2 of this Policy.

  • Closing Adjustment has the meaning set forth in Section 2.04(a)(ii).

  • Adjustment Escrow Fund means the Adjustment Escrow Amount deposited with the Escrow Agent, as such amount may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.

  • Final Adjustment Amount has the meaning set forth in Section 2.4(c).

  • Estimated Adjustment Amount has the meaning set forth in Section 2.5(a).

  • Closing Adjustment Amount shall have the meaning set forth in Section 3.2(c).

  • Post-Closing Adjustment Amount shall have the meaning set forth in Section 2.4(a).

  • management expense ratio means the total fees and expenses a fund paid during a year divided by its average assets for that year.

  • Covered Expense means expense incurred only for the following:

  • Consolidated Working Capital Adjustment means, for any period on a consolidated basis, the amount (which may be a negative number) by which Consolidated Working Capital as of the beginning of such period exceeds (or is less than) Consolidated Working Capital as of the end of such period.

  • Net Working Capital Adjustment means (a) the amount by which Net Working Capital as of immediately prior to the Closing exceeds Target Net Working Capital or (b) the amount by which Net Working Capital as of immediately prior to the Closing is less than Target Net Working Capital, in each case, if applicable; provided, that any amount which is calculated pursuant to clause (b) above shall be deemed to be a negative number.

  • Adjustment Escrow Funds means the amounts held in the Adjustment Escrow Account, including any dividends, interest, distributions and other income received in respect thereof, less any losses on investments thereof, less distributions thereof in accordance with this Agreement and the Escrow Agreement.